GROCER GRIEF Supermarket Morrisons must compensate thousands of workers after payroll information was leaked online by a disgruntled employee in 2014.

A High Court judgment ruled the supermarket was liable, setting a precedent for other companies that hold staff data.

FURNITURE DEAL Sofa shop DFS has completed its £25million purchase of rival Sofology following its announcement earlier this year on deal. Sofology has 37 stores and a strong online presence. Shares in DFS fell by 1.4 per cent, or 2.75p, to 197p following the announcement.

NEW SHOP Flat-pack furniture retailer Ikea has started building a store in Greenwich, south-east London – the first full-sized shop built by the company in London for 13 years. The construction is expected to cost £100million and will create up to 500 jobs. It will be completed toward the end of 2018.

Share this article

Share

FIELD PURCHASE Oil firm Enquest has completed its purchase of a 25 per cent stake in the Magnus oil field in the North Sea from BP. The deal was announced in January. Smaller players are increasingly buying up assets in the basin from oil majors.

SALES GUSH Oil and gas services firm Ades International says revenues have increased 34 per cent to £88million during the nine-month period ending September 30. It is sticking with profit and revenue guidance for the year.

CHAIRMAN ROLE Former Virgin Radio chairman Richard Huntingford is taking over as chairman of Bath-based specialist media group Future. He will replace Peter Allen in February.

FESTIVE JOBS US department store chain Macy’s is preparing to take on an extra 7,000 seasonal workers over the Christmas period, adding to its existing 140,000 employees. John Harper, chief stores officer at Macy’s, said the festive period had got off to ‘a great start’.

HERO AND ZERO IN THE CITY

HERO

TIM STEINER , CHIEF EXECUTIVE, OCADO

Ocado has long promised a major international deal, and finally delivered one through a tie-up with Casino Groupe in France.

Boss Tim Steiner, 47, may have been at home on paternity leave, but with shares up 52 per cent this week, he’ll take the plaudits.

AND ZERO

DONALD BRYDON, CHAIRMAN, LSE

A failed merger with the Germans… a toxic row in the boardroom… the departure of the chief executive on the nod of Bank of England governor Mark Carney.